Danish renewables developer European Energy is to deliver 3 terrawatt-hours of electricity to RWE under a multi-year off-take agreement.
Under the terms of the agreement, European Energy will supply power to RWE in Denmark from 1 January 2024 for seven years.
The agreement provides security to European Energy to advance the realisation of its renewables projects, the company said.
European Energy said that 3TWh is equivalent to the full annual production of 35 modern wind turbines or the annual output of a 400MW solar plant for the period.
RWE Supply & Trading chief commercial officer Andree Stracke said: “This contract underlines RWE’s ambitions to promote renewable energy activities.
“We complement our expansion activities with attractive purchase agreements to strengthen our portfolio activities.”
European Energy chief executive Knud Erik Andersen said: “We are happy to enter into this agreement with RWE.
“The commercial terms of the agreement ensures bankability, which will allow us to realise substantial parts of our Danish project pipeline.
“We are committed to the Danish market, and we look forward to spending the coming four years developing the solar and wind power plants that will deliver all that green power to RWE.
“Those projects will guarantee renewable green energy for a generation in Denmark.”